BUSINESS

North Korea fires new ICBM in largest test since 2017

Renault's Chief Executive Luca de Meo warned on Thursday that the automaker's retreat from Russia creates a "very complex situation" for the company, hitting profits and sales as it seeks to accelerate a multi-year turnaround effort.

Renault's Russian partner Avtovaz will go it alone to build Lada brand cars without foreign car parts, it said on Thursday as Russian authorities consider the future of the carmaker's Moscow plant after it exits the country.

Japan is considering requiring companies' annual reports to disclose average wages by gender and the ratio of female managers, said two people with direct knowledge of the matter, as it seeks to close the pay gap between men and women.

Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, said on Thursday it would begin drilling in Greenland for critical materials used in electric vehicles.

Russia might look to its giant neighbour to replace Australian alumina supplies cut off by sanctions, but Chinese aluminium smelters need all the feedstock they can get and may be worried about secondary sanctions from the West, industry analysts say.

Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said "unfriendly" countries must pay for Russian gas in roubles, in the latest jolt to global energy markets after Moscow's invasion of Ukraine.

Investors stayed bearish on most emerging Asian currencies and turned short on Thailand's baht for the first time in three months, as uncertainty from Russia's invasion of Ukraine and inflationary risks remained, a Reuters poll found on Thursday.

A sharp sell-off in U.S. Treasuries has increased concerns about low levels of liquidity in the $23.5 trillion market, potentially amplifying losses for investors which already had a dire start to the year.

Stocks mixed, oil prices dip as West targets Russian gold

Toshiba Corp shareholders on Thursday voted against its plan to spin off the devices unit, but a separate motion backed by activist shareholders that called for the conglomerate to solicit buyout offers also failed to gain sufficient support.

The U.S. dollar found some support in Asia on Thursday as commodity currencies took a breather from a steep rally driven by rising prices for exports, while a recovery in the U.S.

The dollar rose for the fourth time in the past five sessions, as economic data on the labor market helped firm expectations the U.S.

U.S. stocks rose following choppy trading abroad on Thursday, and oil prices pulled back, as investors watched a meeting of NATO leaders on Russia's invasion of Ukraine.

With the war in Ukraine halting deliveries of crucial car parts, Volkswagen and its suppliers are scrambling to find solutions abroad, while trying to reassure Ukrainians they aren't abandoning the country.

Russian President Vladimir Putin on Wednesday said the world's largest natural gas producer would soon require "unfriendly" countries to pay for their fuel in Russia's currency, the rouble.

Some wins for US labor, but big picture stays tough

Toshiba shareholders reject spin-off plan in key vote

By Scott DiSavinoNEW YORK -Crude prices slid 2% on Thursday after the European Union (EU) could not agree on a plan to boycott Russian oil and on reports that exports from Kazakhstan's Caspian Pipeline Consortium (CPC) terminal could partially resume.

The shares on sale matched the amount that Hong Ra-hee, mother of Samsung Electronics Vice Chairman Jay Y. Lee and wife of deceased Samsung patriarch Lee Kun-hee, agreed to keep in trust with Kookmin Bank in October, according to a Samsung Electronics filing.

Male contraceptive pill found 99% effective in mice

Japan's troubled Toshiba Corp goes into a critical shareholder vote later on Thursday facing very long odds for winning support for its plan to spin-off its devices business.

The European Union and United States are set to unveil a deal on Friday to supply Europe with more U.S.

European Union leaders are set to agree at a two-day summit starting on Thursday to jointly buy gas as they seek to cut reliance on Russian fuels, with some saying they would not comply with Moscow's demand to buy oil and gas using roubles.

EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer against supply shocks, but the bloc remains unlikely to sanction Russian oil and gas.

Electric heavy-truck company has started producing its electric powered semi trucks with expectation to be ready for routes by later this year.

Renault suspends work at Moscow factory: company

US assesses Russia committed war crimes in Ukraine

Madeleine Albright, first female US secretary of state, dies at 84